With just two months left in the year, another prominent hedge fund has recovered its losses from last year.
Greenlight Capital has told investors that all three of its hedge funds have “regained all of the losses from 2008.” The firm’s flagship hedge fund is up 30% on the year, the New York Post reports. It lost almost 23% last year.
Recovering last year’s losses is critical for hedge fund managers, as it allows them to begin collecting performance fees again.
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